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Pin to quick picksRockpool Acqui Share News (ROC)

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EARNINGS SUMMARY: Great Southern loss widens, Walkers Crips profit up

Mon, 31st Jul 2023 21:57

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Great Southern Copper PLC - copper-gold exploration company focused in Chile - In the financial year that ended March 31, pretax loss widens to GBP1.3 million from GBP1.0 million a year earlier, both years made up entirely of administrative expenses as it focuses on progressing its Especularita and San Lorenzo projects in Chile. Chief Executive Officer Sam Garrett says: "The discovery of an intrusive-related copper-gold system at San Lorenzo, as well as high-grade copper-gold prospects at Especularita, has established a strong platform for the company to build from in the future. The green transition has underscored the importance of key strategic minerals such as copper, and this continuing trend is expected to bolster demand, particularly in light of the supply shortages foreshadowing this transition. Our exploration work over the past year has highlighted the significant potential of our projects, and the board looks forward to advancing with exploration campaigns to further understand the numerous promising targets identified at our two projects."

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Walker Crips Group PLC - London-based stockbroker and asset manager - In the financial year that ended March 31, pretax profit mutliplies to GBP632,000 from GBP206,000 a year earlier. Revenue falls to GBP31.6 million from GBP32.8 million, while commissions and fees paid falls to GBP7.3 million from GBP9.1 million. Declares final dividend of 0.25 pence, up from 1.20p. Chair Martin Wright says: "Although pleasing to report a year-on-year improvement in IFRS profitability, the underlying business has experienced reduced trading commissions, lower management fees, and increased costs in the challenging and uncertain economic conditions we faced during the year. We continue to focus on investing in our people and technology to drive the key initiatives that improve our working environment, customer service and ultimately operating margins and profitability, including fully embracing regulatory change and preparations for the new consumer duty regulation."

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Rockpool Acquisitions PLC - Special purpose acquisition company formed to acquire Northern Irish-based engineering and manufacturing holding company Amcomri Group Ltd - In the financial year that ended March 31, swings to pretax loss of GBP297,089 from a profit of GBP56,654, as administrative expenses multiply to GBP296,411 from GBP36,011. Posts no "other income" from GBP65,381, while it also posts no financial income from GBP99.405 a year earlier. Non-Executive Chair Richard Beresford says: "I look forward to a positive year ahead which will hopefully see the completion of the Amcomri acquisition, a return to trading of the company's shares and, with that, the completion of the first key period of the company's existence."

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More Acquisitions PLC - special purpose acquisition company - In the six months that ended April 30, operating loss and pretax loss is GBP360,481. In comparison, in the 13 months that ended October 31 since it incorporated as a company, operating loss was GBP113,639. It is yet to post a revenue. Says the search for a suitable acquisition target resumed following the withdrawal of Megasteel Ltd from the proposed reverse takeover. Chair Charles Goodfellow says: "The company continues to search for an acquisition target and will be providing further updates concerning the acquisition search process in due course."

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Amala Foods PLC - cash shell - In the financial year that ended March 31, pretax loss narrows to GBP440,076 from GBP1.1 million a year earlier. Posts no revenue again, while various expenses fall: administrative expenses down to GBP269,967 from GBP357,656; does not post an impairment expense from GBP204,656 a year earlier; share-based payments down to GBP16,441 from GBP332,232. Chair Jonathan Morley-Kirk says: "The directors are actively seeking to identify new opportunities for the company with a view to identifying and completing a successful transaction resulting in a reverse takeover."

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Semper Fortis Esports PLC - London-based professional e-sports team operator - In the financial year that ended January 31, pretax loss narrows to GBP578,309 from GBP1.2 million a year earlier. Revenue multiplies to GBP100,977 from GBP31,629, while operating and administrative expenses halve to GBP679,286 from GBP1.3 million. Chair Keith Harris says: "In the prior year financial statements we advised that despite growth in the sector, monetisation had remained a key challenge for all esports organisations globally and that due to economic uncertainty and difficult capital market conditions, the company intended to significantly reduce its overheads and conserve cash. This is exactly what we have done. We chose not to renew the contracts of our esports talent and reduced other overheads where we could, whilst looking at various different strategies for the company.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 20:10

TRADING UPDATES: Pennant trading in line; Coro requests suspension

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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29 Dec 2023 11:06

Rockpool reports wider losses amid Amcomri acquisition delay

(Alliance News) - Rockpool Acquisitions PLC on Friday said that delays in the acquisition of Amcomri Group Ltd led to wider losses for the six months ended 30 September 2023.

Read more
10 Nov 2023 15:57

UK shareholder meetings calendar - next 7 days

Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Nov 2022 21:23

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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1 Apr 2022 13:11

IN BRIEF: Rockpool Acquisitions receives GBP1.2 million from void deal

Rockpool Acquisitions PLC - Belfast-based acquisition vehicle - Says it has terminated an agreement to buy Greenview Gas Limited. An alternative party has been found who is willing to pay or refinance the debt Rockpool is owed by Greenview Gas. The sum of GBP1.2 million Rockpool has received from Greenview Gas "represents a small premium on the amount of the loan provided by the company to Greenview and the accrued interest thereon," Rockpool explains.

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26 Jan 2022 20:18

TRADING UPDATES: Somero upbeat after strong year; Scancell in profit

TRADING UPDATES: Somero upbeat after strong year; Scancell in profit

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21 Jan 2022 14:33

IN BRIEF: Rockpool drops acquisition of Greenview

IN BRIEF: Rockpool drops acquisition of Greenview

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30 Sep 2021 20:24

TRADING UPDATES: Rutherford, Helios Underwriting report widened losses

TRADING UPDATES: Rutherford, Helios Underwriting report widened losses

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10 Sep 2021 18:22

IN BRIEF: Lack of funds holding Rockpool back from acquiring Greenview

IN BRIEF: Lack of funds holding Rockpool back from acquiring Greenview

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30 Dec 2020 17:52

IN BRIEF: Rockpool Acquisitions Optimistic Over Greenview Deal

IN BRIEF: Rockpool Acquisitions Optimistic Over Greenview Deal

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6 Nov 2020 20:08

UK TRADING UPDATE SUMMARY: Sportech Knocks Back Standard General Offer

UK TRADING UPDATE SUMMARY: Sportech Knocks Back Standard General Offer

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17 Apr 2020 13:29

Rockpool Acquisitions Secures GBP50,000 Loan From Director Mike Irvine

Rockpool Acquisitions Secures GBP50,000 Loan From Director Mike Irvine

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30 Mar 2020 17:59

Rockpool Acquisitions Seeking Funds After US Investor Delays

Rockpool Acquisitions Seeking Funds After US Investor Delays

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30 Dec 2019 16:46

Rockpool Acquisitions Reports Rise In Interim Revenue And Profit

Rockpool Acquisitions Reports Rise In Interim Revenue And Profit

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